• Full-year sales increase 7% to US$7.58bn
  • Beer sales in 12 months to the end of February up 10%, wine & spirits rise 3%
  • Sales in fourth quarter rise 10% to $1.76bn
  • Fiscal-2019 targets comprise 9%-11% lift for beer, wine & spirits +2%-+4%

Constellation Brands' fiscal-2018 - results data

Constellation Brands saw its US beer operations continue to grow in fiscal-2018

Constellation Brands saw its US beer operations continue to grow in fiscal-2018

Constellation Brands has maintained its half-year performance throughout the full 12 months of fiscal-2018, with sales in the year rising by mid-single-digits.

The multi-category group, which has spent the past five years basking in the performance of its beer operations, said today that its top-line in the 12 months to the end of February was up 7% on the corresponding period a year earlier. The rise comes six months after Constellation posted a 7% increase in H1 sales.

Once again, beer drove the growth, with brewing operations posting a 10% sales jump. In the final quarter, which includes the festive period, beer sales climbed by just under 12%.

Over at the wine & spirits reporting division, sales rose 3% on a 1% volumes dip in the year, with Q4 sales increasing 7.6% on flat volumes.

Turning to the bottom line, and full-year operating profits were down almost 5% due to a one-off gain boosting the year-prior. Strip out the one-off and operating profits would have risen by 7%.

Looking forward, Constellation said it expects its two reporting divisions to deliver similar sales growth in the current fiscal year.

To read Constellation Brands' full-year results statement, click here.

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